Previous leader. That is certainly something we are going to watch out for here today when it comes to how that plays out in malaysia. Overall risk sentiment is cautious. David it doesnt help that markets here in hong kong and china, you have liquidity issues look exacerbating these issues. Here are your equity markets that are open. On the lighter side of things. Down about. 25 . Kospi up. 25 . Putting anything else together, we are on a threeweek streak of declines for asian equities. S p futures as you can see,. 5 down, pretty much where it has been holding all morning. Have a look at some other things we are tracking here as well. We talked about dollaryen today, which we will get to in a moment. Southeast asia is looking like this. The latest market to open is indonesia. A big day friday for philippines, reversing some of that now. Malaysia also little higher. Southeast asia as well, mx is your ticker for this benchmark. Also on three weeks of decline. As promised, look at dollary
The yen recovers against the greenback. A lot of it is the dollar story as the dollar is coming through softer today after already yesterday seeing its steepest drop since december. But we are also sing that recovery in the renminbi, offshore yen, they are moving towards the 7. 19 handle. This recovery could help take some pressure off the pboc when it fixes the yen on monday. But of course, we have been focusing on dollaryen. The recovery this week really being driven by what we got from what is seen as intervention, but also from the stop and the dollar and the moves in the past 20 hours have been fairly steady. That does not smell like intervention. Potentially, this is that extension of position trimming, especially when you consider this chart, which shows you one fraction of the fx universe. Lets put the board again. Lets take a look at what are the movers in the stock markets today. As you flagged, it is the tech sectors in focus and apple suppliers running higher. We are also s
Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI.
Besides, heavy buying in capital goods, consumer durable and industrial stocks also helped the indices, traders said.
Retail inflation
Ola Electric has received approval from Sebi for its IPO, making it the first electric vehicle firm in India to go public. The company plans to raise Rs 5,500 crore through issuance of fresh shares and aims for a valuation of $7-8 billion. The IPO includes selling shares from 10 shareholders, including promoters Aggarwal and Indus Trust, SoftBank, and Matrix Partners.
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